Toll Brothers Inc (TOL) Shares Bought by Assetmark Inc.
Assetmark Inc. increased its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,684 shares of the construction company’s stock after buying an additional 6,715 shares during the quarter. Assetmark Inc.’s holdings in Toll Brothers were worth $5,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in TOL. Bessemer Group Inc. grew its stake in Toll Brothers by 202.5% during the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock valued at $115,000 after purchasing an additional 1,600 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Toll Brothers during the 4th quarter valued at about $120,000. CENTRAL TRUST Co purchased a new stake in Toll Brothers during the 4th quarter valued at about $157,000. Gamco Investors INC. ET AL purchased a new stake in Toll Brothers during the 3rd quarter valued at about $207,000. Finally, Charter Trust Co. purchased a new stake in Toll Brothers during the 4th quarter valued at about $210,000. Hedge funds and other institutional investors own 84.57% of the company’s stock.
TOL has been the topic of several research analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $45.00 price target on shares of Toll Brothers in a research note on Wednesday, November 15th. ValuEngine downgraded Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Wells Fargo & Co reiterated an “outperform” rating and set a $54.00 price target (up previously from $42.00) on shares of Toll Brothers in a research note on Wednesday, December 6th. Mizuho set a $54.00 price target on Toll Brothers and gave the company a “buy” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 price target on shares of Toll Brothers in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $50.75.
Toll Brothers Inc (NYSE TOL) opened at $43.91 on Friday. The stock has a market capitalization of $6,750.00, a PE ratio of 12.20, a PEG ratio of 0.76 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 7.31 and a debt-to-equity ratio of 0.79. Toll Brothers Inc has a fifty-two week low of $34.50 and a fifty-two week high of $52.73.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Toll Brothers had a return on equity of 12.58% and a net margin of 9.84%. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. sell-side analysts expect that Toll Brothers Inc will post 4.22 earnings per share for the current year.
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Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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